Chapter 7 (MCQs)

Chapter 7 (MCQs)

University

38 Qs

quiz-placeholder

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Chapter 7 (MCQs)

Chapter 7 (MCQs)

Assessment

Quiz

Other

University

Easy

Created by

Meredith Gray

Used 1+ times

FREE Resource

38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which item does not describe a world-class company?

the goal of a world-class company is to delight its customers

customers in a world-class company are external departments only

world-class companies work in cross-functional teams

a world-class company has a flat organizational structure

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which subsystem is not a part of the production system?

directing the movement of work through the process

determining raw material requirements

authorizing work to be performed

monitoring the flow of cost information related to production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The purpose of the cost accounting system is to

produce information for inventory valuation

authorize release of raw materials

direct the movement of work-in-process

determine material requirements

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which process creates a homogeneous product through a continuous series of standard procedures?

batch process

make-to-order process

continuous process

none of the above

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of a continuous process is the production of

wedding invitations

milk products

jet aircraft

all of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

All of the following are characteristics of batch processing except

each item in the batch is similar

batches are produced in accordance with detailed customer specifications

batches are produced to replenish depleted inventory levels

setting up and retooling is required for different batches

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When determining which items to produce, a firm must know

last year’s production level

raw material inventory levels

the standard cost of the item

the sales forecast

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